10:06     BRIGHT INT'L GP<01163> - Announcement (1)                           

    The Stock Exchange of Hong Kong Limited takes no responsibility for the   
    contents of this announcement, makes no representation as to its          
    accuracy or completeness and expressly disclaims any liability            
    whatsoever for any loss howsoever arising from or in reliance upon the    
    whole or any part of the contents of this announcement.                   
                                                                              
                                                                              
    BRIGHT INTERNATIONAL GROUP LIMITED                                        
     (Incorporated in Bermuda with limited liability)                         
    (Stock Code: 1163)                                                        
                                                                              
    DISCLOSEABLE TRANSACTION                                                  
    IN RELATION TO THE ACQUISITION OF THE ENTIRE ISSUED SHARE CAPITAL         
    OF R.A.M. LIGHTING LTD.                                                   
                                                                              
    The Board is pleased to announce that on 28 January 2005, the Parties     
    entered into the Agreement in relation to the Acquisition at an           
    aggregate consideration of US$3,700,000 (equivalent to approximately      
    HK$28,786,000), subject to adjustments. The Acquisition is conditional    
    upon, among other things, the Group being satisfied with the results of   
    the due diligence review conducted by the Group or its agent on the       
    assets, liabilities, operations and affairs of RAM.                       
                                                                              
    The Sale Shares represent the entire issued share capital of RAM. RAM     
    is engaged in the manufacture, sale and distribution of decorative        
    residential lighting products and accessories and all operations          
    related thereto. On Completion, RAM has become an indirect wholly-owned   
    subsidiary of the Company.                                                
                                                                              
    The Acquisition constitutes a discloseable transaction of the Company     
    under Chapter 14 of the Listing Rules. A circular containing, among       
    other things, further details of the Acquisition will be dispatched to    
    the Shareholders as soon as practicable.                                  
                                                                              
    INTRODUCTION                                                              
                                                                              
    The Board is pleased to announce that the Parties entered into the        
    Agreement on 28 January 2005 in relation to the Acquisition for an        
    aggregate consideration of US$3,700,000 (equivalent to approximately      
    HK$28,786,000).                                                           
                                                                              
    PRINCIPAL TERMS OF THE AGREEMENT                                          
                                                                              
    (1)  Date:                                                                
                                                                              
      28 January 2005                                                         
                                                                              
    (2)  Parties:                                                             
                                                                              
    Vendors:  (a) 1616352 Ontario Ltd.; (b) Mrs Laurie Kuntz; and (c) Mrs     
    Luisa St. John                                                            
                                                                              
    Each of the Vendors and, where applicable, each of their ultimate         
    beneficial owner(s) and their respective associates (as defined in the    
    Listing Rules) are Independent Third Parties.                             
    Purchaser:  R.A.M. Lighting Holdings Ltd., an indirect wholly-owned       
    subsidiary of the Company.                                                
                                                                              
    Third Parties:  Mr Montgomery Kuntz and Mr Andre St. John, being the      
    beneficial owners of two-third and one-third respectively of the issued   
    share capital of 1616352 Ontario Ltd., one of the Vendors. Both of them   
    are Independent Third Parties.                                            
                                                                              
    RAM:  R.A.M. Lighting Ltd. which is the subject company of the            
    Acquisition being acquired by the Purchaser.                              
                                                                              
    (3)  Interests to be acquired:                                            
                                                                              
    Pursuant to the terms of the Agreement, the Vendors have agreed to sell   
    and the Purchaser has agreed to purchase the Sale Shares.                 
                                                                              
    The Sale Shares represent the entire issued share capital of RAM, which   
    comprise a total of 3 Class C Common Shares and 3,000,000 Class A         
    Preference Shares. The Class C Common Shares and the Class A Preference   
    Shares should have different class rights. However, since the Purchaser   
    acquires all the issued shares of RAM, it may not be relevant to state    
    the difference between these two classes of shares.                       
                                                                              
    On Completion, RAM has become an indirect wholly-owned subsidiary of      
    the Company.                                                              
                                                                              
    (4)  Completion:                                                          
                                                                              
    Completion has taken place at 2:00 p.m. on 31 January 2005 (Toronto